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Chicago Mayor Lori Lightfoot's administration is stressing the city's improved liquidity and jolt of refinancing savings provide a cushion to manage the near-term tax losses.
March 16 -
Illinois freed up $500 million in capital funding for a University of Illinois research center that will anchor the development.
February 12 -
Chicago’s $1.5 billion sale of general obligation refunding bonds and Sales Tax Securitization Corp. debt generated $310 million of budget savings.
January 17 -
Chicago GOs were upsized and repriced on Wednesday to bump yields as indications of interest were taken on the Sales Tax Securitization sale.
January 15 -
Both the senior and the new second lien of Chicago's Sales Tax Securities Corp. are now rated AA-minus.
January 15 -
A healthy response to Chicago's first tender invitation is expected to bolster the savings on $1.47 billion of refinancing debt the city sells this week.
January 14 -
The Windy City is looking to add even more savings to a $1.3 billion debt refinancing with a tender invitation for some of its older, higher-yielding bonds. “The tender is just gravy,” City CFO Jennie Huang Bennett said last week.
January 13 -
Demand for municipal bonds is much stronger in 2020 than it was to end 2019, illustrated by record inflows into the asset class in the latest reporting week.
January 10 -
Chicago is coming to market next week with its $1.3 billion debt refinancing.
January 7 -
While there are no major municipal bond sales slated for this week, next week is a different matter.
December 30